DNB Bank ASA (OTCMKTS:DNBBY) Short Interest Update

DNB Bank ASA (OTCMKTS:DNBBY) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 12,351 shares, a growth of 598.2% from the May 14th total of 1,769 shares. Based on an average trading volume of 218,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages have commented on DNBBY. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a research note on Wednesday, April 29th. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a research note on Wednesday, April 8th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a research note on Tuesday, May 12th. Zacks Research cut shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

DNB Bank ASA Stock Performance

DNBBY opened at $29.99 on Wednesday. DNB Bank ASA has a 12-month low of $24.77 and a 12-month high of $33.81. The stock has a market cap of $46.50 billion, a price-to-earnings ratio of 10.83 and a beta of 0.63. The business has a 50 day moving average of $31.09 and a 200-day moving average of $29.66. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 3.01.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. DNB Bank ASA had a return on equity of 14.23% and a net margin of 21.06%.The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.29 billion. On average, equities research analysts expect that DNB Bank ASA will post 2.89 earnings per share for the current year.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.